Simple and profitable trading style

I think your wrong, they will only deduct a part of the bonus show in the formula till 30 after that you trade with your funds and dont pay anything else to withdraw

You "think" and not you "know". Who had a chat with them? You or I?

i have a account with them for a while, that offer propably works as the same as the deposit bonus.
I will give you an example on the deposit bonus and take it as an example as i dont know the formula they use do do this.
You use the 50 per cent deposit bonus and deposit 100 you get an additional 50 lets say you make 50 profit and decide to withdraw 100, you will get your 100 and they will remove the 50 they gave you so you end with 50 the profit you made.
If instead of withdrawing 100 you withdraw 50 they give you 50 and deduct 25 from the bonus or something like this

https://www.xm.com/trading-bonus

Ok man

I would close my GBPCAD short and place EURAUD short on the platform

I would not advise anyone to take any bonus from any broker, except "No deposit bonus"

Dont worry im a grown man and know how to read

I have opened a buy trade here (8 hours ago) & my TP level is 1.3218 (GBPUSD).

GBPUSD is one of the pairs am entry tonight- strong bullish engulfing

It ( GBPUSD ) was formed above consolidation support, 1.30192. But funny the one formed long ago by EURUSD had not performed. This one may also returned to Bollinger Band Squueze.

Have this from Dr. Pipslow

3 Ways to Keep Your Confidence During a Trading Slump


Slumps are inevitable in trading. They come with the market’s ever-changing environment, and even successful traders go through them.
I once heard a story about a trader who went through 48 months in a row without having a single negative month. On average, he made about $2,000 a day during this period. And then all of a sudden his streak came to an end and he went through a long slump wherein he couldn’t string together two profitable months in a row.
In such stressful times, it’s very easy to beat yourself up, focus on what you’re doing wrong, and overlook the things you’ve been doing right. It’s part of human nature!
It can be argued that being hard on yourself is a way of addressing your problems. But it can become more of a bane than a boon to your trading if you get caught up in all the pessimism.
When the mind is zoned in on all the negative aspects of your trading, there’s a tendency to lose sight of the positive aspects that brought you success in the past.
It’s for this reason that I believe it’s better to focus your attention on banking on your strengths in times when you’re in a slump. Go back to the basics, as they say!
On the flipside, when you’re trading well, your attention should be shifted to the improvements that you can still make.
Doing so will help keep your trading confidence at proper levels. Remember, having low confidence can be just as bad for you as being overconfident!
Here are some steps you can take to stay positive during a trading slump:
1. Don’t simply dwell on the problem. Act on it.

As I mentioned in one of my articles about correcting bad trading habits, you should try to be more conscious of your trade decisions.

You can do this by talking out loud while trading or by journaling your trade decisions. Taking note of your thoughts and feelings during a trade can help you identify what you’re doing wrong so that you can work on cutting those bad habits later on.

2. Review those trades that worked well for you.
Having a detailed trading journal should come in handy at this point so I sure hope you have one!
By keeping track of the proper trade decisions you’ve made and the profitable setups you’ve taken, you’ll be able to identify which ones are effective for you. Also, reminding yourself that you were able to catch some good moves in the past would serve as a nice boost for your ego.

3. Find your trading niche.

Niche trading is all about specializing and focusing on what works well for you. You see, some traders aren’t able to perform well because there’s a mismatch between their personalities and their trading styles.
To avoid this, ask yourself the following questions:

1. What am I good at?
2. What are my strengths and weaknesses as a trader?
3. What are the qualities that can make me successful?

You might also want to take our Personality Quizzes in the School of Pipsology to help you find the answers to questions such as the following: Which currency pair should I trade? Which trading style is best for me? What kind of mechanical system suits my personality?
Bear in mind that one of the biggest challenges in trading is to stay focused and positive, even when your account balance is turning negative.
By making sure that your confidence remains intact, you’ll have a better chance of making it out of a slump. Remember to focus on the process and not solely on the profits.


If you can't keep your emotions in check when trading, you will lose money. Lots of it. The most significant action that you can do to improve trading profits is to work on yourself. Really knowing yourself and how you think can give you an edge that others in the market don't have. My goal is to share practical advice to improve your forex psychology without boring you to death. Hopefully, you can develop the mental edge you need to become the best trader you can be.

Here is the last chat with XM on bonus.

Our company representative will be with you in a moment.

09:15 Dharlene has joined the chat.

Dharlene | 09:16
Welcome to XM! How may I assist you?

Boniface | 09:17
Good morning


Dharlene | 09:17
Good morning, Boniface.

Boniface | 09:21
Am trading in your " No dposit bonus of $30 " According to withdral formula when a trader withdraws money from the profits he makes, that same percentage is withdrawn by you- XM


Dharlene | 09:24
Regarding that, once you withdraw profits, the same percentage will be deducted in your Credit.

Boniface | 09:27
In the example you showed in the website you showed $12 and $18 withdrawal. For the purpose of clarity does it mean after trader pays up the $30, the account would finally be his account

Here is the example What is the Trading Bonus?
The $30 Trading Bonus allows traders to test the quality of our execution in a real trading environment with no investment risk. When you claim your bonus, the amount will be credited to your account instantly to be used for trading. Any profits generated can be withdrawn at any point in time, however, any withdrawal of funds will result in the proportional removal of your trading bonus.

Who Can Claim This?
This promotion is available to all traders opening an XM Real Account for the first time. In some regions however, an alternate promotion may prevail. There is a 30-day limit from the date of opening your account in which time you must claim the bonus before it is rendered unavailable.

The examples in the table below show you how the Trading Bonus is proportionally removed from your trading account when you make a withdrawal.

No Deposit Trading Bonus Amount Deposit Amount Profit generated from trading with the Trading Bonus Balance available for withdrawal Amount of requested withdrawal Amount of trading bonus removal
$30 - $100 $100 $40 (40% on $100) $12 (40% on $30)
$30 $500 $100 $600 $360 (60% on $600) $18 (60% on $30)


Dharlene | 09:28
One moment to check, please.

Boniface | 09:28
ok


09:29 Boniface has lost connection.

09:30 Boniface has reconnected.

Dharlene | 09:31
Please note that the 30$ No deposit Bonus is given to our eligible clients for free.

Boniface | 09:31
I know


Dharlene | 09:32
Can you clarify your concern, please?

Boniface | 09:33
What I mean is that after I have payed the debt of $30, do you withdraw from the profits whenever I withdraw?

Dharlene | 09:34
Please note that clients do not pay the 30$ No deposit Bonus. We do not get anything from your profits.

Boniface | 09:36
Ok, It's as if the credit remains. Both the trader and Xm withdraw as long as the account remains.
Am I making point here


Dharlene | 09:37
Please note that only the bonus are being deducted from your account and not the profit. Whatever the amount you gained from the 30$ bonus, you can withdraw it in full.

Boniface | 09:38
What about the formula I sent you

Xm withdrawal formula

Dharlene | 09:39
The example only shows the breakdown of how the credit is being deducted.

Dharlene | 09:40
It is not stated there that your profit is being deducted. The amount shows from the example is your withdrawal.

Boniface | 09:41
Back to the question I asked before now. If you have deducted your final $30 it means the trader now owns the account and no deduction would be made by you again. That's what I want to know

Dharlene | 09:42
As I have mentioned above, the 30$ No deposit Bonus is given to our clients for free. And it doesn't mean that your account is owned by XM.
Please note that we do not have any rights nor access in your account.

Boniface | 09:43
I meant $30 bonus account

Dharlene | 09:44
The 30$ No deposit bonus is a credit which you can use to test our products and services by starting to trade with no initial deposit.

Boniface | 09:45
Or should I contact support line for clarity, just because I have not got the answer completely

Dharlene | 09:46
I will arrange you a call with your account manager to explain this further to you.
May I have your account number please?
Also, may I have your registered contact number,please?

Boniface | 09:52
Am scared that my question may make you guys invalide my bonus account

I may give you my Phone number and not account number

Dharlene | 09:54
Nothing to worry about it.
Please note that I will be needing your XM account number, for me to arrange you a call with your account manager.

I found this picture shared on Facebook and I have to relate it to what we can do to our trading accounts, ourselves through emotions

WATCH LIST

EURNZD: If the EURAUD short finally takes shape we need to wait for EURNZD. I shared the EURAUD when it was formed. EURNZD trending up, about to consolidate before any setup.

USDCAD: There had been short setup formed on the weekly- strong Bearish Engulfing Patterns

I decided to join the EURNZD bears, though moving towards consolidation

Time for me to join again on USDCAD short, second time. I got out with some pips when it ended in sideways. The daily middle band and 4hr informed to get in again, not on live account, but demo

Still trapped between Fibonacci level 61.8% and 50.0%. My position still open

Still trapped between Fibonacci level 61.8% and 50.0%. My position still open. It has not completed its job

I think it's time to share the USDCAD short formed sometime ago on the weekly.

482 pips down before consolidation support. How patient am I? Am also using Mr Fibonacci to follow up on the daily.